You realise that for price to reach $7-12, the ICO would need to be raking in $14-24 million PER DAY, right...?
You really think it's realistic to persist at that rate for the last 330+ days, for something like $4-6 BILLION for the entire ICO...?
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Your maths is so wrong: ) We will see..
there are 2,000,000 tokens released each period.
for price to hit $7 in the ICO, that'd equal $14,000,000 raised in a period.
for price to hit $12, that'd be $24 million.
It is possible that there might be some days where that much is raised, thus price getting that high.
but for price to sustain at that rate...?
let's say demand gets that high by Day 50, leaving 300 days in the ICO left...
$14million x 300 days = $4.2 billion raised, NOT EVEN COUNTING THE FIRST 50 DAYS.
$24million x 300 days = $7.2 billion raised, NOT EVEN COUNTING THE FIRST 50 DAYS.
now let's say demand does get that high until the last 100 days...
$14million x 100 days = $1.4 billion raised, NOT EVEN COUNTING THE FIRST 250 DAYS.
$24million x 100 days = $2.4 billion raised, NOT EVEN COUNTING THE FIRST 250 DAYS.
where is the math wrong?
and you really think the demand will get SO high that the ICO will sustain a DAILY intake of $14-24 million for weeks or months?